Cannabis Producer Aphria’s Shares Seesaw on 3rd Day Since Short Seller’s Attack

CEO of company that sold them assets at centre of storm defends transaction.

Shares in battered Canadian cannabis company Aphria seesawed Wednesday after the company that sold them assets a short seller says are worthless defended the transaction.

The stock has been in free fall ever since a prominent short seller said on Monday that the company’s recent series of acquisitions in Latin America and the Caribbean are essentially worthless.

SOL Global Investments Corp., the company that sold Aphria various cannabis holdings in Jamaica, Argentina and Colombia, issued a statement on Wednesday saying it was “satisfied with the outcome of the transaction,” and touted the quality of the assets in question.